Author: Alvin Tang

KUCHING: Shin Yang Shipping Corporation Bhd (Syscorp) group net profit has surged to RM44.82 million in third quarter ended March 31, 2023 (Q32023) from RM29.95 million in Q32022, driven by increase in container cargo volume transported and higher shipping margin. The higher earnings were generated on the back of expanded

KUCHING: WTK Holdings Bhd group has posted bigger quarterly losses, dragged down by the dismal performance of its plantation business which has plunged into the red in the January-March 2023 period (Q12023). In Q12023, WTK group net loss widened to RM9.2 million from RM1.44 million in Q12022 despite an increase

KUCHING: Sarawak Oil Palms Bhd’s (SOP) earnings in the January-March 2023 period (Q12023) have been significantly impacted by the lower realised selling prices of palm products, and higher production costs. These factors have resulted in group net profit to fall sharply to about RM44.2 million from RM195 million in Q12022

KUCHING: YKGI Holdings Bhd foresees that the financial results of its second quarter ending June 30, 2023 (Q22023) may not be promising as the market is expected to be sluggish. The company said the recent surprise hike by Bank Negara Malaysia in Overnight Policy Rate (OPR) by 25 basis points

KUCHING: After a lapse of five years, Japan importers have now managed to purchase tropical logs from Sabah. “South Sea (tropical) logs have been exported from Sabah, Malaysia to Japan for the first time in five years,” according to the Japan Lumber Reports (JLR).  Sabah imposed a total ban on

KUCHING: Petra Energy Bhd’s subsidiary, Petra Resources Sdn Bhd (PRSB), has been awarded a subcontract for hook-up and commissioning (HUC) works for Kasawari CCS project. The subcontract was given by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE). The subcontract period is from March 2023 to December 2025. “Being given

KUCHING: Ta Ann Holdings Bhd has sharply increased the harvesting of logs from its planted forests to 92,602 hectares (ha) in 2022 from 50,281 ha in 2021 or an increase of 42,321 ha or 84 per cent. Year-on-year, the group also increased the production of logs from natural forest to

KUCHING: Sarawak-based Ocean Vantage Holdings Bhd (OVH) hopes to use the completion of PETRONAS Bintulu Additional Gas Sales Facility 2 (BAGSF2) project as the stepping stone for the group to further expand its reach in other downstream projects in the oil & gas (O&G) industry, especially in Bintulu area. In expressing

KUCHING: Ta Ann Holdings Bhd’s licences for three forest management units (FMU) in the Song-Kapit region have been renewed for a period of 30 years until 2053. These are the Kapit FMU, Pasin FMU and Raplex FMU covering a total area of 346,021 hectares, according to Ta Ann executive chairman

KUCHING: Zecon Bhd will place greater emphasis on projects and developments involving renewable energy (RE), including large-scale solar farm projects, going forward. Zecon’s group managing director Datuk Zainal Abidin Ahmad said the group has earmarked a sizeable portion of its 3,000 acres of landbank here for these projects. “Discussions are